Latest update: February, 2016
Last Updated: February, 2016
Telangana State Report | November, 2015
Telangana, the 29th state of India, was formed in June 2014, with Hyderabad as its capital. The state was formed as a result of the split of erstwhile Andhra Pradesh state. The state is land locked by (new) Andhra Pradesh to the south and east, Maharashtra and Karnataka to the west, and Odisha and Chhattisgarh to the north.
Telangana's gross state domestic product (GSDP) expanded at a compound annual growth rate (CAGR) of 13.5 per cent to US$ 71.1 billion between 2004-05 and 2014-15. At a CAGR of 14.1 per cent, services has been the fastest growing sector among agriculture, industry and services from 2004-05 to 2014-15. During 2014-15, services sector accounted for 57.1 per cent share in the overall GSDP. As of January 2016, Telangana had a total installed power generation capacity of 10,251.78 megawatt (MW).
The capital city of Hyderabad (also the capital for earlier larger Andhra Pradesh state) is a hub for information technology (IT) and pharmaceutical sectors. During 2014-15, export of IT products of Telangana was US$ 10.99 billion which reflects a growth of 15.7 per cent as compared to previous year. Leading IT companies like Facebook, Google, IBM and Microsoft hold significant presence in Hyderabad.
Hyderabad also accounts for approximately 20 per cent of India's total pharma exports. The state government plans to set up a pharma city and promote public private partnership to develop the state's pharma sector.
The central government recently announced formation of an Information Technology Investment Region (ITIR) near Hyderabad. With the establishment of the ITIR, the government plans to generate 1.5 million direct and 5.3 million indirect jobs in the IT sector in the next five years.
In June, 2015, the Government of Telangana introduced a new industrial policy to attract domestic as well as international investments in the industrial sector of the state, with emphasis on core manufacturing sectors. Telangana stands 13th among Indian states in rankings based on ease of doing business and reforms implementation, according to a study by the World Bank and KPMG.
Last Updated: September 16, 2016